Ethereum Crosses $1,200 in Push for All-Time High
Key Takeaways
- Ethereum (ETH) prices hit $1,200 on Jan. 6.
- That means Ethereum is just 17% below its previous all-time high.
- The coin’s last all-time high was in January 2018.
Ethereum (ETH) is trading above $1,200. The second largest cryptocurrency by market cap hit a high price of $1,207 on multiple exchanges today, its first time at the price level since January 2018.
Ethereum’s Latest Run
It’s been a bullish few days for Ethereum supporters. This most recent run started on the weekend, when ETH hit $800, following a wild Bitcoin run the previous day. The price of ETH soared 40% over the course of Sunday, surpassing $1,000 later that day.
The last time Ether made a run at this price level was in January 2018, towards the end of crypto’s most fabled bull run. Bitcoin topped out at around $19,600 the previous month (December 2017) before ETH surged to a high of $1,448.
Now Ethereum is nearing its all-time high once again. After today’s milestone, Ethereum is only 17.4% away from reaching its peak price. Its market cap is now $137 billion.
Disclosure: At the time of writing, the author of this feature owned ETH, among a number of other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article